Input Price Shocks and the Slowdown in Economic Growth: The Case of U.K.Manufacturing
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This paper provides a theoretical and empirical analysis of the effects of input price shocks on economic growth, with a focus on United Kingdom manufacturing in the 1970s. The theoretical model predicts a discrete decline in out- put and productivity after an input price rise, and a longer-run
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美国国家经济研究局创建时间：
1982-02-01
